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Environmental sustainability orientation and performance of family and nonfamily firms
Author(s) -
Adomako Samuel,
AmankwahAmoah Joseph,
Danso Albert,
Konadu Renata,
OwusuAgyei Samuel
Publication year - 2019
Publication title -
business strategy and the environment
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.123
H-Index - 105
eISSN - 1099-0836
pISSN - 0964-4733
DOI - 10.1002/bse.2314
Subject(s) - sustainability , linkage (software) , business , orientation (vector space) , family business , industrial organization , psychology , marketing , ecology , biochemistry , chemistry , geometry , mathematics , biology , gene
Abstract Despite the growing research evidence on the effect of environmental sustainability orientation (ESO) on firm outcomes, contingent factors that may influence the strength of this relationship have received little scholarly attention. In this study, we use insights from the literature on ESO and family business to introduce family status and firm age as moderators in the ESO‐performance linkage. Using time‐lagged data from 253 small and medium‐sized enterprises in Ghana, we found the impact of ESO on firm performance is amplified for nonfamily firms but not significant for family firms. Our evidence suggests it is stronger among older firms than younger ones. Implications and directions for future research are discussed.